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eBay turns UK into a nation of online shopkeepers |   |
The internet could turn the UK into a nation of online shopkeepers, according to figures unveiled yesterday by online auction giant eBay.
It revealed that more than 68,000 cottage industries in the UK depend on the site for at least a quarter of their income, more than in any other country in Europe.
And despite controversy over fraud and the sale of illicit items, the hugely popular website provides a significant chunk of the income of more than 170,000 small businesses across Europe.
On average, each eBay-based business employs nine staff and almost half earn more than three-quarters of their income through the site. From CD shops to a Spanish sculptor who sells exclusively through eBay, the company claimed a growing number of sellers who began trading on the internet as a hobby were quitting their jobs to buy and sell full time.
Read this article online - The Guardian.
Posted February 12, 2006
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[November 13, 2008] Small business entrepreneurs in the UK are chalking up more than half a billion man hours worth £1,046 billion to the UK economy every year, a study conducted for business insurer Hiscox reveals.
[November 12, 2008] Viewers of the Dragons' Den will have strong views about the panellists who dish out advice to would-be entrepreneurs. In the spirit of fun, here are the biographies of the Dragons - done in the style of Top Trumps.
[November 6, 2008] At midday, the Bank of England surprised even the optimists by slashing interest rates by 1.5 percentage points. The base rate now stands at 3%, the lowest for over fifty years, raising hopes that small businesses may receive some much needed relief.
[November 5, 2008] Tony Robinson OBE and founder of SFED, tells Bytestart readers how the Government can help small businesses through the credit crunch.
[October 31, 2008] With the economic downturn now firmly upon us, research from the leading employment law firm in the UK suggests that the vast majority of employers are planning to ditch their Christmas party to save costs.
[October 31, 2008] A 28 year old zoologist has scooped the 2008 Young Rural Entrepreneur of the Year award following the success of his micro-brewery business in Northumberland.
[October 22, 2008] The Government has announced a £350m "productivity training" package to help small companies - but no real help from the twin burdens of taxation and regulations that we really need.
[October 15, 2008] According to an entrepreneur think tank, business owners need the government to adopt more business-friendly policies to help them remain competitive. 26% of those polled are considering setting up shop overseas.
[October 14, 2008] If your business isn't doing as well as it should be - and you'd like to get some advice from a hugely experienced businessman to help you to get things back on track you might want to consider applying to feature in a new TV series.
[October 10, 2008] A business organisation has warned that spiralling costs and a lack of credit is forcing some small companies to consider making staff redundant in order to survive the downturn.
[October 9, 2008] The latest quarterly survey released by the BCC, based on 5000 business responses, shows that the UK is now in a worsening recession. The IMF expects the country to suffer a downturn similar to that of the early 1990's.
[October 6, 2008] Despite 12 months of economic turmoil, the latest UK Enterprise Survey Report shows that UK companies are determined to survive, and remain optimistic about the future.
[October 3, 2008] A survey of company directors has revealed that more and more of them are choosing to live outside the capital and the South East, with ‘a gradual migration of company directors from the South of England, to more northerly regions, as well as Scotland and Wales’.
[September 30, 2008] With the Tory conference in full swing, what exactly do the Conservatives propose to do to help UK businesses?
[September 29, 2008] The vast majority of entrepreneurs in the UK are risking long-term business success by not giving proper thought to their exit strategies, according to business advisory firm, Deloitte.
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